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Nintendo Q3 profit drops 46%

Thursday, 27th January 2011 09:54 GMT By Patrick Garratt

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As reported by Reuters, Nintendo has reported a 46 percent fall in quarterly profit, as DS sales plummeted ahead of 3DS’s launch in February and March.

October-December operating profit at Nintendo was ¥104.6 billion ($1.3 billion), compared with ¥192.3 billion a year ago and versus an analysts’ consensus of ¥118 billion yen.

Nintendo cut its Wii sales forecast to 16 million units from 17.5 million units for the year to March.

It also lowered its DS sales forecast to 22.5 million units from 23.5 million.

For the year to March, Nintendo left its operating profit forecast at ¥210 billion, down from ¥356.6 billion the previous year and compared with a consensus of ¥203.5 billion in a poll of 25 analysts by Reuters.

The company revised down its annual profit forecast by a third last September, blaming the strong yen and the fact that it did not have 3DS ready for the Christmas period.

Nintendo shares ended 0.9 percent higher ahead of the results announcement. Over the past year, Nintendo shares have lost 12.5 percent, compared with a 0.7 percent rise in the Nikkei average.

You can get the full earnings release here.

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5 Comments

  1. frostquake

    Because their games were CRAP. I just bought Epic Micky on Deal of the Day at Amazon for $30. Oh and I bought Ghost Recon on the Rails game, for $19.99 new, and that is it, and it is still collecting dust.

    I think the Uniqueness has worn off..time for a NEW CONSOLE NINTENDO!!!

    #1 4 years ago
  2. Dannybuoy

    It’s probably more to do with the fact that just about everyone who wants a Wii or DS will have one by now. Those two games you mentioned are just that, two. Two of many amazing games. i don;t think the games are to blame. Global financial belt tightening and the aforementioned market saturation are probably the reason.

    #2 4 years ago
  3. frostquake

    I will agree the Economy is to blame quite a bit, and almost everyone I know who were not your typical gamer, has now bought it, and just play the bowling games.

    Don’t forget they also released a Ton of SHOVELWARE, and that is a very hard taste to get out of your mouth, like licking the butt of a skunk..LOL

    #3 4 years ago
  4. mojo

    http://www.youtube.com/watch?v=sgzPs1yAaMg

    #4 4 years ago
  5. JPickford

    I think it’s mainly due to them making 3DS consoles.

    #5 4 years ago

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